Home Blockchain News Facebook’s Crypto Libra May Kill Launch in India, Its Biggest Market: Report

Facebook’s Crypto Libra May Kill Launch in India, Its Biggest Market: Report

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By CCN Markets: Facebook’s cryptocurrency Libra is expected to change the way payments are made across the globe when it launches next year, but there’s one market that the social media giant might be giving a miss – India. The Economic Times, India’s biggest business daily, reports that Libra will not be available in India, citing people with direct knowledge of the matter: “The social network’s digital wallet, Calibra, won’t be available in markets where “cryptocurrencies are banned or Facebook is restricted from operating in,” the person said. “Facebook has not filed any application with RBI (Reserve Bank of India) for

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* First published on ccn.com

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